Paramount Global has canceled the 2025 CMT Awards. The company is involved in a merger with Skydance Media, which is expected to be finalized early this year.
“Paramount Global’s ratings wins reported today are just one of many successes we look forward to with Nielsen as we build upon this new future together.”
The report indicates that Skydance Media and RedBird Capital would own two-thirds of Paramount while class B shareholders would own the remaining third of the company.